Online real estate investing, investing in rental properties, house flipping, and renting out rooms are some great ways to start real estate investments in Sri Lanka.
The reason why many people start real estate investing is that it’s an excellent way to enjoy an additional income. If you are not so sure about the investing tips, here are some of them for you.
Try online real estate investing
What happens via these online platforms is connecting the real estate developers with investors. Investors take a risk by funding the projects, but they do gain a monthly/quarterly reward.
Invest in rental properties
Img via Cinnamon Life
If you plan to invest in Sri Lanka, you may buy an apartment available at Cinnamon Life and then rent it out completely. Choose a property located in a good location, and you’ll never have to worry about the demand then.
Try house flipping
Here, you buy a house or any property that needs further renovation, and you sell it to an external party after doing all the repairs, giving it a new look. The strategy to make more profits is to sell the house within a short period after buying.
Rent out a room or two
This is a simple way, and indeed a great way to start. Rent one or two rooms from your house, and enjoy monthly rental revenue.